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SEC establishes that Initial Coin Offerings (ICOs) can be considered Securities Offerings

August 10, 2017

On July 25, the US Securities and Exchange Commission (SEC) issued a Report of Investigation pursuant to Section 21(a) of the Securities Exchange Act of 1934. The investigation addresses digital tokens offering by a virtual organization (“The DAO”). SEC concludes that the current securities legislation is applicable to emerging technologies, like blockchain and cryptocurrencies.

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